GRDC invests to unify trade, market services
GRAINS Research and Development Corporation has committed more than $17.5 million over four years to Grains Australia Limited to bolster the competitiveness and profitability of the nation’s grain sector across the value chain in domestic and...
GRAINS Research and Development Corporation has committed more than $17.5 million over four years to Grains Australia Limited to bolster the competitiveness and profitability of the nation’s grain sector across the value chain in domestic and international markets.
Grains Australia was established by GRDC in 2020 and delivers services and functions on behalf of the sector, classification, trade and market access, market information and education with the aim of ensuring Australia has a collaborative and unified approach.
The Australian grains sector is worth $16.7 billion on average each year with grain growers producing around 46.8 million tonnes of grain annually, according to the latest figures from the Australian Bureau of Agricultural and Resource Economics and Sciences.
GRDC chairperson and grain grower John Woods said the decision to invest in Grains Australia on behalf of the nation’s grain growers was a critical, considered move to support the sector’s
long-term competitiveness and profitability.
“During the most recent season we faced harvest challenges and crop downgrades in eastern Australian and supply chain issues in the west, so it is more apparent than ever consolidating industry functions and services is critical for our industry,” Mr Woods said.
“Marketplace dynamics are changing, and national and international markets and supply chain logistics continue to be volatile and challenging and are likely to remain that way into the future.
“There has never been a more important time to have a collaborative and unified approach.
“Grains Australia is leading the way for the industry and playing a core role in managing variety classification, market access, market information and education.”
Grains Australia chairperson Terry Enright said the funding of the organisation was an important investment in the future for the nation’s grain growers.
“Now GRDC’s decision to continue investing in the work of Grains Australia means we can continue to deliver the critical functions required to support the Australian grains industry’s development and profitability,” he said.
“We service the connection between what the market wants and what the industry can provide, enabling a value exchange between Australian growers and our end-users around the world.”
Grains Australia will focus on key programs in the future, including the industry’s first pulse classification framework.
